Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...
Starting your new business requires careful planning, which includes deciding what type of legal business entity, if any, you will form to operate your business. For a small-business owner not forming ...
Choosing between an LLC and a corporation can feel overwhelming. Both structures have their pros and cons, and the decision can impact everything from taxes to liability protection. If you’re starting ...
S Corporation is a tax status that businesses can choose to elect if they are registered as either Corporations or as Limited Liability Companies (LLCs). The Really Useful Information Company (TRUiC) ...
Many businesses that start as a sole proprietorship reach a point where it makes sense to graduate to a more complex business structure. Registering your business as its own legal entity can also ...
Painting companies often start out as one-person operations, with an individual hiring out for a specific job. As a business grows, however, there is usually a need for a more formal organization, ...
When you're starting a small business on your own, choosing a setup - or business structure - can seem daunting. As a business owner, you'll most likely first choose whether to run your business as a ...
While sole proprietorships are simple and cost-free to maintain, they expose personal assets to business liabilities.
One of the most important steps when starting a business is deciding on the right form of your business. Laura Norris, J.D., an Assistant Clinical Professor and Director of SCU Entrepreneur's Law ...